Kansas City Real Estate Network

 
The current first time home buyer tax credit that is set to expire the end of November has just received new life. 
Senators agree to extend the tax credit to end of June of 2010. Home buyers under the extension have until the end of 
April to have a home under contract. The current limit of 10% of the purchase price or $8,000 will still be in affect.
 
Also included in the extension is a $6,500 tax credit for current homeowners who have owned a home for less than 
5 years.
 
The new home buyer tax credit should help create a surge in home buyers. With the increase of current 
homeowners benefiting from the tax credit a larger percentage of the real estate market should see a direct benefit 
from the tax credit.
 
The home buyer tax credit is available in the Kansas City communities of Olathe, Overland Park, Lenexa, Shawnee and Gardner.
 
For more information on the tax credit go to: http://bit.ly/1xCK5e